Question
The following information pertains to ABC Company. Estimated net income for 2019 = $500 Beginning retained earnings, January 1, 2019 = $2,100 Estimated distributions to
The following information pertains to ABC Company.
Estimated net income for 2019 = $500
Beginning retained earnings, January 1, 2019 = $2,100
Estimated distributions to owners during 2019 = $300
What is the company's ending balance in retained earnings at the end of the year, December 31, 2019?
| a. | $2,700 | |
| b. | $2,500 | |
| c. | $2,300 | |
| d. | $2,200 |
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
